Eagle Materials Inc (NYSE:EXP) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. grew its position in shares of Eagle Materials Inc (NYSE:EXP - Free Report) by 111.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,918 shares of the construction company's stock after buying an additional 3,645 shares during the quarter. Bridges Investment Management Inc.'s holdings in Eagle Materials were worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EXP. TD Private Client Wealth LLC raised its holdings in Eagle Materials by 12.5% during the first quarter. TD Private Client Wealth LLC now owns 1,444 shares of the construction company's stock valued at $320,000 after acquiring an additional 161 shares during the period. Envestnet Asset Management Inc. lifted its position in Eagle Materials by 10.9% in the first quarter. Envestnet Asset Management Inc. now owns 92,328 shares of the construction company's stock worth $20,490,000 after buying an additional 9,045 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Eagle Materials by 22.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,504 shares of the construction company's stock worth $334,000 after purchasing an additional 276 shares during the period. Leeward Investments LLC MA bought a new position in shares of Eagle Materials during the first quarter valued at approximately $7,962,000. Finally, Principal Financial Group Inc. grew its stake in shares of Eagle Materials by 165.0% during the first quarter. Principal Financial Group Inc. now owns 206,019 shares of the construction company's stock valued at $45,722,000 after buying an additional 128,271 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Up 3.5%

Shares of NYSE EXP traded up $7.67 during midday trading on Thursday, reaching $227.15. 632,239 shares of the company's stock traded hands, compared to its average volume of 354,235. The company has a quick ratio of 1.03, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. The stock's 50 day simple moving average is $212.94 and its 200-day simple moving average is $226.80. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 16.51 and a beta of 1.26.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The business had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same quarter in the prior year, the business posted $2.24 earnings per share. Eagle Materials's revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, June 16th. Eagle Materials's dividend payout ratio is currently 7.27%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EXP shares. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Truist Financial lowered their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. DA Davidson dropped their target price on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Loop Capital decreased their price target on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Eagle Materials currently has an average rating of "Hold" and an average target price of $254.44.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.